Stocks rise with U.S. futures as earnings roll in - BNN Bloomberg

The Stoxx 600 Index turned higher, paced by gains in drugmakers and banks following upbeat results from Sanofi, AstraZeneca Plc and Barclays Plc. Deutsche Bank AG dropped after trading revenue disappointed.

Treasuries and the dollar were little changed before U.S. GDP and jobless claims to gauge the strength of the US economy. The Federal Reserve's preferred inflation gauge, the core PCE deflator, is due Friday. “We cannot rule out the possibility developments around First Republic could unfold in a manner that would lead the FOMC to skip May, while signaling a hike in June,” Guha said.

Pharmaceuticals are well-positioned to weather recession, according to Janet Mui, the head of market analysis at RBC Brewin Dolphin, who recommends shifting to defensives.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks fall with U.S. futures as earnings roll in - BNN Bloomberg​European stocks declined as investors parsed a flood of earnings reports from some of the region's biggest companies.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Logistec’s Madeleine Paquin on finding fun in the challenges of the shipping business - BNN BloombergAs the chief executive of Quebec-based shipping company Logistec, Madeleine Paquin has seen firsthand the volatility that’s gripped global supply chains during the pandemic
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »